Glencore in 18-mth Deal with NOC

Libya’s Tripoli-based National Oil Corporation (NOC) has reportedly agreed an 18-month deal under which Swiss-based Glencore will supply around 300,000 t/month of high-sulphur gasoil in exchange for lifting all crude exported from Libya’s eastern Marsa el-Hariga terminal.

According to the report from Argus, Marsa el-Hariga normally ships around 130,000-160,000 bpd of Sarir and Messla crude, and NOC itself normally lifts a significant share of Sarir and Messla crude from Marsa el-Hariga terminal for its western 120,000 bpd Zawia refinery, following the shutdown of the Sharara field due to unrest.

Argus reports that Marsa el-Hariga is one of only two onshore terminals currently export light sweet crude, the other being Marsa el-Brega. No crude is being exported from Zawia, Mellitah, Ras Lanuf, Es Sider or Zueitina.

(Source: Argus)

(Oil image via Shutterstock)

One Response to Glencore in 18-mth Deal with NOC

  1. carlos torrado May 19, 2017 at 1:13 pm #

    Gday i need to get in touch with the sulphur export manager fron NOC.
    Can you pls provide name & email pls.
    Krgds

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